235 Maplewood DrEast LansingMI48823
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in East Lansing at 235 Maplewood Dr, East Lansing, MI, 48823 priced at $452,000 converts $2,100/mo rent into after a $2,212/mo obligation. Total monthly income equals $2,100/mo. Return on cash invested prints 12.86% in year one, and rental yield reads 5.58% against a $452,000 entry. Equity gained on principal adds $2,917/yr, while 5% annual appreciation compiles into $124,879 by year five. Five-year ROI reaches 65.57% and total cumulative return in cash sums $98,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $2,212/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alison Alfredson • Berkshire Hathaway HomeServices
Mls Name: Greater Lansing AOR
Mls ID: #292248